Definition
Foreign real estate ownership in Oman is governed by specific laws that restrict and regulate the ability of non-Omani nationals to purchase land and property. The primary pathway for foreigners to acquire freehold property is within designated Integrated Tourism Complexes (ITCs). Outside ITCs, foreigners may acquire usufruct rights (long-term leases of up to 99 years) for approved purposes. GCC nationals enjoy broader rights, including the ability to own property outside ITCs in certain areas, subject to approval.
Context in Oman
The ITC framework, established by Royal Decree 12/2006, created designated zones where foreigners can buy residential apartments, villas, and townhouses with full freehold title. Major ITCs include Al Mouj Muscat (The Wave), Muscat Hills, Jebel Sifah, Salalah Beach, and Hawana Salalah. Property purchases in ITCs above a minimum value threshold qualify the buyer for a renewable residency visa. Outside ITCs, foreign companies may lease industrial land in free zones and economic zones under usufruct arrangements. The real estate market is regulated by the Ministry of Housing and Urban Planning and the Real Estate Regulatory Authority (RERA), established in recent years to improve market transparency and consumer protection.
Key Data Points
| Metric | Value |
|---|---|
| Freehold for foreigners | Only within ITCs |
| Usufruct rights | Up to 99 years outside ITCs |
| Residency via property | Available in ITC purchases |
| Key regulator | RERA |
| GCC nationals | Broader ownership rights |
Vision 2040 Connection
Attracting foreign real estate investment is a Vision 2040 objective that supports tourism development and capital inflows. The strategy promotes expanding ITC designations, improving real estate regulation and transparency, and ensuring that foreign investment complements rather than displaces Omani community interests. RERA reforms are aligned with international best practices for property market governance.
Further Reading
- [[What is an Integrated Tourism Complex]]
- [[What is FDI]]
- [[Oman Company Formation Guide]]